UHY Ross Brooke Chartered Accountants
Employee Ownership Trusts (EOTs) have well publicised advantages for the business owner selling his shares, not least the possibility of 0% tax on the sale. But what advantages are on offer for the employees? By Chris Davies EOTs offer employees a unique opportunity to share in the ownership and success
Self-assessment deadline 2023/2024 Remember to file your self assessment tax return for tax year 2023/24 by 11.59pm on 31st January 2025, but don’t leave it until the last minute to prepare or submit it! If you were hoping to send a paper return, you’re too late, and will have to
From 6th April 2025, the inheritance tax regime (IHT) in the UK will move to a residency based system. Prior to this, IHT was linked to a person’s ‘domicile’ status. This allowed long term UK residents who were non-UK domiciled to protect foreign assets from UK IHT. By Tom Annat
At the core of the EOT’s framework is the principle of employee benefit. For a trust to qualify as an EOT, it must operate for the benefit of all employees on an equal basis. This does not mean that every employee must receive the same financial benefit, but rather that
Environmental, Social, and Governance (ESG) reporting has rapidly become a vital element of corporate strategy and transparency. Beyond being a regulatory requirement for certain organisations, it plays a key role in shaping investor decisions, driving sustainability, and enhancing brand reputation. Yet, despite its growing importance, there are several lesser-known aspects
Download our handy tax card which shows the latest tax rates for the taxes we are asked most about. This summary contains the key tax rates and allowances for the 2024/25 tax year, as applicable to persons resident and permanently settled in the UK. It is not an exhaustive list
Environmental, Social, and Governance (ESG) reporting is becoming increasingly important for small and medium sized businesses. SMEs that adopt ESG principles can gain a competitive edge, attract investors, and strengthen their brand reputation. With increasing regulatory focus and consumer demand for responsible business practices, now is the time for SMEs
With the holidays and end of the year fast approaching, it’s a good time to plan your finances for the new year. For those who file Self Assessment tax returns, the prospect of having to make a heavy tax payment at the end of January 2025 may be causing you
If you trade as a limited company, then you will likely know that balancing salary and dividends is key to extracting profit from your company in the most tax-efficient way. Both methods have distinct implications. and the right mix will depend on your specific circumstances. The Autumn Budget, with its
